|[February 06, 2017]
Atlantic Fund Services Selects Confluence Form N-PORT & Form N-CEN Regulatory Reporting and Prospectus Solutions
Confluence, the global leader in investment data management automation,
today announced that Atlantic Fund Services has selected Confluence for
multiple reporting needs, including the Unity NXT™ Regulatory Reporting
platform for Form N-PORT and Form N-CEN reporting. Atlantic Fund
Services will also implement Unity® Prospectus.
Unity NXT Regulatory Reporting, powered by Synapse™, is an automated
post-trade regulatory reporting platform that emphasizes data
integration, aggregation and reusability. Synapse provides a powerful
data model that easily accommodates data changes to regulatory
requirements in today's compressed compliance timeframes.
Unity Prospectus automates the production of fund prospectuses and is
part of the Confluence Investor Communications product suite which
enables data sharing across products.
"We are growing rapidly and when it comes to regulatory technology, our
clients count on us to provide an industry-leading technology solution.
Our primary focus is data integration and re-use, as well as the
flexibility to adapt to new and evolving regulatory reporting
requirements," said Chris Koons, Chief Operating Officer at Atlantic
Fund Services. "We're confident that Confluence will deliver the
efficiency and control we need, while providing a solution to the
onerous Form N-PORT and Form N-CEN challenge."
"Reusability of data is going to be the cornerstone of regulatory
reporting," said Todd Moyer, Executive Vice President of Global Business
Development at Confluence. "We estimate that roughly 77 percent of the
data needed for Form N-PORT will be data currently being used for a
number of other reporting requirements. The Unity NT Regulatory
Reporting platform will allow Atlantic Fund Services to leverage a
single, validated regulatory data set that can be reused across the
entire enterprise rather than having to exchange multiple data files to
meet multiple filing obligations."
Confluence has been a trusted partner to Atlantic Fund Services since
2000, when they implemented Unity Performance, Unity Price Distribution
and Unity Index Reporting. With Unity NXT Regulatory Reporting, and the
addition of Unity Prospectus, Atlantic Fund Services will be prepared to
develop new reporting with minimal cost and complexity as data-driven
reporting continues to increase.
Atlantic Fund Services is an independent third-party administrator
providing comprehensive fund servicing solutions for mutual funds,
series trusts, closed-end funds, private funds and bank funds. Atlantic
provides fund launch management, legal and regulatory administration,
fund accounting and tax recordkeeping, performance reporting, financial
reporting, transfer agency, shareholder services, and compliance
services. Headquartered in Portland, Maine, Atlantic's experienced
professionals have provided high quality, customized services for over
30 years. For more information, please visit www.atlanticfundservices.com.
As a global leader in data-driven solutions for efficiency and control,
Confluence solves tough data management and automation challenges for
the asset management industry, including performance reporting,
regulatory reporting, investor communications and fund expense
management. Confluence solutions enable asset managers and third-party
administrators to consolidate and leverage data across business
operations which results in lower costs, reduced risk, decreased
reporting turnaround times and the scalability to automate more
processes without additional resources. The platform features solutions
to support a wide array of fund types - including mutual funds, ETFs,
alternative investments, institutional portfolios and UCITS funds.
Seven of the top 10 global service providers license Confluence products
and eight of the top 10 global asset managers have business processes
automated through Confluence.
Headquartered in Pittsburgh, PA, Confluence serves the international
fund industry with locations in Brussels, Dublin, Ho Chi Minh City,
London, Luxembourg and San Francisco. For more information, visit www.confluence.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170206005120/en/
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